

This story was originally published on HackerNoon at: https://hackernoon.com/on-nigerias-failing-cbdc-and-its-hard-lesson.
Nigeria’s CBDC, the e-Naira, whose launch gulped millions of Naira from the nation’s coffer is in a free fall two years after it made history.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency, #cbdcs, #business, #digital-currency, #central-bank-digital-currency, #finance, #regulation, #centralization, and more.
This story was written by: @penworth. Learn more about this writer by checking @penworth's about page, and for more stories, please visit hackernoon.com.
Nigeria’s CBDC, the e-Naira, whose launch gulped millions of Naira from the nation’s coffer is in a free fall two years after it made history as Africa’s first CBDC. The e-Naira, launched in October 2021, is Nigeria’s apex bank’s policy the CBN to digitise the Naira but its failure underpins the thesis that Cash is King in Africa’s most populous nation.
328 قسمت
This story was originally published on HackerNoon at: https://hackernoon.com/on-nigerias-failing-cbdc-and-its-hard-lesson.
Nigeria’s CBDC, the e-Naira, whose launch gulped millions of Naira from the nation’s coffer is in a free fall two years after it made history.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #cryptocurrency, #cbdcs, #business, #digital-currency, #central-bank-digital-currency, #finance, #regulation, #centralization, and more.
This story was written by: @penworth. Learn more about this writer by checking @penworth's about page, and for more stories, please visit hackernoon.com.
Nigeria’s CBDC, the e-Naira, whose launch gulped millions of Naira from the nation’s coffer is in a free fall two years after it made history as Africa’s first CBDC. The e-Naira, launched in October 2021, is Nigeria’s apex bank’s policy the CBN to digitise the Naira but its failure underpins the thesis that Cash is King in Africa’s most populous nation.
328 قسمت
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